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Rating: ★ ★ ★ ☆ ☆

NAV

10.603
-0.0042

RETURNS

5.89 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0.37 %

Benchmark

CRISIL Banking and PSU Debt TR INR

Asset Size

9304.29 Cr.

(As of 30 Apr, 2019)

Risk

Moderate

Objective

To generate income through predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Fund manager

Rahul Goswami

(since 27 Sep, 2012)

Exit load

1 %

(If redeemed within 15 days)

Minimum sip

₹ 1000

minimum investment

₹ 5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

ICICI Bank Limited

8.06 %

National Bank For Agriculture And Rural Development

6.82 %

Small Industries Development Bank Of India

4.55 %

Axis Bank Limited

3.78 %

Sector Allocation

About the Scheme Type

Banking and PSU Fund

Banking and PSU debt funds are generally seen as an alternative for bank deposits with low risk, liquidity and the appetite to generate stable returns. As seen in the past, these funds have an average maturity of about 2 years and invest mostly in AAA rated securities – bank certificates of deposits or bonds / debentures of PSUs. The volatility in their case is relatively lower than long-duration funds and is suited for investors looking for higher returns than bank deposits but at the same time, do not want to be exposed to high risks

Ratings

This fund is rated 3 stars by Morning Star Ratings.

★ ★ ★ ☆ ☆

Overview of ICICI Prudential Asset Management Company Limited

ICICI Prudential Asset Management Company Ltd. is a leading
Indian asset management company (AMC) focused on bridging
the gap between savings & investments and creating long term
wealth for investors, through a range of simple and relevant
investment solutions. The AMC is a joint venture between ICICI
Bank, a well-known and trusted name in financial services in India
and Prudential Plc, one of UK’s largest players in the financial
services sectors. Throughout these years of the joint venture, the
company has forged a position of pre-eminence in the Indian
Mutual Fund industry. The AMC also caters to Portfolio
Management Services for investors, spread across the country,
along with International Advisory Mandates for clients across
international markets in asset classes like Debt, Equity and Real
Estate.

The ICICI Mutual Fund House has continuously aimed to provide
investors with financial solutions to aid them in achieving their
lifecycle objectives. It has constantly been on the forefront of
innovation and has introduced various products aligned to meet
customer needs, leading to a well-diversified portfolio of around 68
ICICI mutual fund schemes, across equity, debt, hybrid, solution
oriented and others. The success of the various endeavours is
evident in the mutual fund investor base which has witnessed
tremendous growth over the years. Driven by an entirely investor
centric approach, the organization today is a suitable mix of
investment expertise, resource bandwidth and process orientation.
ICICI Mutual Fund house endeavours to simplify its investor’s
journey to meet their financial goals, and give a good investor
experience through innovation, consistency and sustained risk
adjusted performance. As of March 31, 2019, the investor base for
the AMC stood at 4 million investors.

ICICI Prudential Mutual Fund offers a wide range of retail and
corporate investment solutions across various asset classes -
Equity, Debt, Hybrid, Solution Oriented and Others. ICICI
Prudential Mutual Fund gained investor trust by managing funds
as per its investment objectives and has been able to deliver
superior risk adjusted returns. The consistent long term
performance was achieved on the strength of fundamentals,
process driven investment approach with enough flexibility for the
fund managers to manage their funds in their respective unique
style and insight. ICICI Mutual fund house, over the last 20 years,
has emerged as a leading investment solution provider in India
and has always aimed to fulfil its fiduciary responsibility of
managing investor's wealth with prudence and due diligence.